Common use of Terms of Payment and Billing Clause in Contracts

Terms of Payment and Billing. a) In compliance with the Business Terms, the Balance Responsible Party is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and to the relevant accounts listed under Article 1 of this Agreement, and to provide the Market Operator with proof of having established these rights.

Terms of Payment and Billing. a) In compliance with the Business Terms, the Balance Responsible Party is obligated, within 10 days after this Agreement has come into force, to establish with its account maintained by a bank or its branch in the territory of the Czech Republic cash collection rights for the Market Operator and to the relevant its accounts listed under Article 1 of this Agreement, No.19-5582760247/0100 and 27-5868540207/0100 and to provide the Market Operator with proof of having established these rights.